Guthrie GTS

Consider the alternative:

If most of Guthrie investor accept the cash offer, and the outstanding traded shares is less than 10% and Guthrie gets de-listed.

What will happen to remaining shareholder like us? Become private owner? Continue to receive dividends? But with no easy option of exit?

Edit: Btw, I have calculated the TOP of Adora green to be worth around 11c to 15c alone (based on http://www.adoragreen.com.sg/progressPayment.html and http://www.adoragreen.com.sg/downloads/c...0may13.pdf) , which brings the RNAV to about $1.12-1.16. Could fellow buddies please verify?

(21-06-2013, 09:52 PM)smallcaps Wrote: Not so familiar with the company but looking at the historical prices, wats the reason for offer only now? Thought should have offered like 1-2 years ago when the price was much lower... Maybe Jurong Lake District going to boost valuations? Or before the white site opposite Jurong Point gets sold?

I think it is recent interest, last annual report top shareholder was DBS Nominees 57%, second was GA 1821 Pte Ltd 14.6% but this year somehow if you see the substantial share holder announce GA 1821 share went up to 69.1% so should have seen this takeover coming.

Anyways better to take quick profits and sell off i think as no other competitor can come in unlike F&N case, hence no bidding war to push price up.

if offer not taken up they own 69.2% anyways so either end up they do big sell-off or hang on and create problems to make shareprice go down

Not familiar. So if one tenders share when does when one gets the money?

Take the money on the table first.

(21-06-2013, 10:33 PM)BlueKelah Wrote:

(21-06-2013, 09:52 PM)smallcaps Wrote: Not so familiar with the company but looking at the historical prices, wats the reason for offer only now? Thought should have offered like 1-2 years ago when the price was much lower... Maybe Jurong Lake District going to boost valuations? Or before the white site opposite Jurong Point gets sold?

I think it is recent interest, last annual report top shareholder was DBS Nominees 57%, second was GA 1821 Pte Ltd 14.6% but this year somehow if you see the substantial share holder announce GA 1821 share went up to 69.1% so should have seen this takeover coming.

Anyways better to take quick profits and sell off i think as no other competitor can come in unlike F&N case, hence no bidding war to push price up.

if offer not taken up they own 69.2% anyways so either end up they do big sell-off or hang on and create problems to make shareprice go down

Don't think so, if you look at post#3 of this thread by GG, they have been in control for quite long.

Regarding the 'create problems' part, if they wanted to do that, shouldn't they do it before making the offer... like stop dividends, do some sort of write-down, etc.

The alternative here is simple:

i) Take $ and be happy;

ii) make noise and be wrong term with the rich Indonesians;

iii) focus on Guthrie - GTS strategic partners - LKT (very tightly held but very undervalued and conservatively runned), LKH (new partner for new development projects since the success in PL Sq, incidentally, LKH was the contractor for the NEX that belongs to privately owned Indonesian $ and managed by Asiamalls - retail management arm of GTS)

Vested
Odd Lots

(21-06-2013, 11:13 PM)greengiraffe Wrote: ii) make noise and be wrong term with the rich Indonesians;


Vested
Odd Lots

In their offer doc they intend to do compulsory acquisition if they hit 90%. So no chance of being a wrong term minority SH. It's a case of big fish eat small fish

the recent announcement by sgx to up their annual listing fees does have an impact on many companies' decision to privatise themselves..

vested

(21-06-2013, 11:44 PM)pianist Wrote: the recent announcement by sgx to up their annual listing fees does have an impact on many companies' decision to privatise themselves..

vested

I don't think so. Their mkt cap is close to 1 bil. If this small money affects them then there are many more companies at sgx with much smaller cap that will exit first. Here it's a case of deep hidden values of the company. Get rid of the pesky minority and have a free hand to realise them.

Ignore All the BS reasons given by these privatisation offers.
If minority investors just sit back and hope that others do something,
Then they deserve to be screwed by these offers.